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Abstract:Fraudulent brokers are any illegitimate entities used to deceive traders into fraud or malicious attacks. Scammers work in a wide variety of ways, from claiming false strict regulation, fast and convenient withdrawal to other deceptive formats to give the impression of legitimacy.
The end goal is almost always the same - scam your money.
Understanding exactly who are illegal and unregulated brokers and how to avoid dealing with them is an essential part of protecting your money.
After our exposure, fraudulent forex brokers have accelerated to close their websites. Recently, we found ten domains are no longer to be available to everyone now. Here is the list:
1. SkyFx
Website: https://skyfx.co.uk/
2. QTeck
Website: https://www.qteck.io
3. LevendiFX
Website: https://levendifx.com/
4. Allbright Financial
Website: https://www.allbrightfinancialfx.com
5. BullFXOptions
Website: https://bullfxoptions.com/
6. Goldman Banc
Website: https://goldmanbanc.com/
7. VP Markets
Website: https://www.vpmarkets.com
8. Eiro Group
Website: https://www.eiro-group.com/
9. Mayfair Exchange Mayfair Finance
Website: https://www.mayfair.exchange/#/
10. Marketspots
Website: https://marketspots.co/
If you want to know more detailed information about these brokers, you can click the underlined tracking link. For each one, we expressed strong reasons why it is concluded as a scam.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
OctaFX has been officially listed on warning lists by both Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC). These alerts raise serious concerns about the broker’s status and whether it is legally allowed to operate in Malaysia.
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